(News Bulletin 247) – The Parisian index ended Monday’s session up 1.32% and the CAC 40 even quoted above the FTSE 100 (in number of points) for the first time since November 2000.

The Paris Stock Exchange is starting the week on a high note. The CAC 40 thus gained 1.32% on Monday to 7324.71 points, returning above 7300 points.

The Parisian market, like all the world markets, benefited from several announcements from China. This has also enabled the CAC 40, for the first time since November 2000, according to AFP, to post a number of points higher than that of the FTSE 100, the benchmark index of the London Stock Exchange (a peak at 7340.35 points against 7338.58). Note however that the London Stock Exchange was closed on Monday, due to a public holiday, and therefore could not benefit from the rise of the day.

This Monday, Beijing decided to reduce the stamp duty on domestic stock market transactions by 50% while announcing a relaxation of the rules relating to residential real estate loans. Another announcement likely to reduce geopolitical fears and therefore support the market: China and the United States have decided to set up a working group to “seek solutions on trade and investment issues”, according to the text. of the US Department of Commerce. A first meeting is expected early next year.

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The entire CAC 40 in the green

“The new support from China, which seems to please the markets” could nevertheless “prove always insufficient”, underlines Vincent Boy market analyst at IG France.

The market also continued to decipher the statements of central bankers, including those of Jerome Powell and Christine Lagarde, presidents of the American Federal Reserve (Fed) and the European Central Bank (ECB), in Jackson Hole.

“At the long-awaited Jackson Hole conference (the Fed’s big annual conference) this weekend, Powell (Fed) and Lagarde (ECB) gave no clear indication as to whether they would raise their rates again in September, although they reaffirmed the need to keep rates high for a while.This contrasts with the conference last year, during which all the central bankers had warned that they were going to rise sharply their rates to fight inflation”, emphasizes Xavier Chapard of LBPAM.

As for values, the entire CAC 40 ended in the green, led by Teleperformance (+5.2%).

Valneva climbed 2.4% after releasing positive adolescent safety data for its chikungunya vaccine candidate.

On other markets, the euro advanced 0.1% against the dollar to 1.0807 dollar. Oil prices are moving up a bit. The contract on Brent from the North Sea for delivery in October takes 0.4% to 84.30 dollars a barrel while that of the same expiry on WTI listed in New York wins 0.7% at 80.40 dollars the barrel.